S Central founder joins bank board

S Central's Peter Mavridis has been selected to join the Australian board for Laiki Bank

Managing director of services provider S Central, Peter Mavridis, has been selected to join the Australian board for Laiki Bank, a subsidiary of European-based Marfin Popular Bank.

Mavridis said the board role allowed him to broaden his business skill set outside of the technology industry as well as network with a new base of people.

“It’s a different business with different methods and practices,” he said. “It’s that old cliché about learning to work outside your business, rather than in it.

“My background is in finance, so I’m comfortable in this space.”

In a statement, Laiki Bank chairman, Nicholas Pappas, said Mavridis would help with expanding its focus into consumer and SME banking services. The bank, which is backed by Dubai Financial Group and the Marfin Investment Group, raised 5.2 billion Euros last year in equity and is looking to open more branches in Australia. It has also on the hunt for acquisition targets.

Laiki Bank was established in Australia seven years ago.

“Although the finance industry is going through tough times, Laiki is a strong organisation with a strong parent company,” Mavridis said.

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